{"success":true,"data":{"pressRelease":{"id":"134962","rtpr_id":"nGNE7RFcsd","ticker":"REKR","exchange":"NASDAQ","all_tickers":["REKR"],"title":"Rekor Eliminates Approximately $10 Million in Liabilities and Generates More Than $2 Million in Annual Savings","author":"Globe Newswire","published_at":"2026-09-03T11:30:00.225Z","article_body":"Termination of two leases in the United States and Israel further reduces\nfixed costs and strengthens operating flexibility\n\nCOLUMBIA, Md., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:\nREKR) (\"Rekor\" or the \"Company\"), which builds trusted data, privacy, and\nsecurity solutions for real-world video and sensor networks, today announced\nit has terminated its two remaining long-term real estate leases, one in the\nUnited States and one in Israel.\n\nThe terminations eliminate Rekor's ongoing rent obligations under the two\nagreements and are expected to deliver more than $2 million in annualized\nsavings. The Company will use approximately $2.8 million in cash to reduce $10\nmillion in outstanding lease obligations, and the related deposit, fixed\nassets, and right-of-use assets will be removed from the Company’s balance\nsheet in connection with the transaction.\n\nThis action advances Rekor's focus on improving operating leverage, lowering\nfixed costs, and directing resources toward growth priorities.\n\n“Terminating these leases is another important step in executing our plan to\noptimize the business and structurally reduce our cost base,” said Joseph\nNalepa, Chief Financial Officer at Rekor. “This action builds on the\ncost-reduction measures we have implemented across the organization and\nfurther aligns our operating footprint with the needs of the business. While\nthe termination requires a one-time cash payment, it eliminates significant\nongoing lease obligations and delivers approximately $2 million in annualized\noverhead savings, reinforcing a leaner operating model and supporting our path\ntoward sustainable profitability.”\n\nAbout Rekor Systems, Inc.\n\nRekor Systems, Inc. (NASDAQ: REKR) builds trusted data, privacy, and security\nsolutions for real-world video and sensor networks. Rekor's AI-powered roadway\nintelligence platforms are deployed across the United States, delivering\nreal-time data and actionable insights to transportation agencies, law\nenforcement, and commercial operators. For more information, visit Rekor.ai.\n\nForward-Looking Statements\n\nThis press release and its links and attachments contains forward-looking\nstatements within the meaning of the Private Securities Litigation Reform Act\nof 1995 concerning Rekor Systems, Inc. that involve substantial risks and\nuncertainties, including particularly statements regarding our future results\nof operations and financial position, business strategy, prospective products\nand services, timing and likelihood of success, plans and objectives of\nmanagement for future operations and future results of current and anticipated\nproducts and services. These statements involve uncertainties, such as known\nand unknown risks, and are dependent on other important factors that may cause\nour actual results, performance, or achievements to be materially different\nfrom the future results, performance or achievements we express or imply. For\nthis purpose, any statements that are not statements of historical fact may be\ndeemed to be forward-looking statements. In some cases, you can identify\nforward-looking statements by terms such as \"may,\" \"will,\" \"should,\" \"expect,\"\n\"plan,\" \"anticipate,\" \"could,\" \"intend,\" \"target,\" \"project,\" \"contemplates,\"\n\"believes,\" \"estimates,\" \"predicts,\" \"potential,\" or \"continue,\" or the\nnegative of these terms or other similar expressions. These forward-looking\nstatements speak only as of the date they are made and are subject to a number\nof risks, uncertainties and assumptions described under the sections in our\nAnnual Report on Form 10-K for the year ended December 31, 2025 entitled \"Risk\nFactors\" and in our subsequent Quarterly Reports on Form 10-Q filed with the\nSEC. Given these risks and uncertainties, readers are cautioned not to place\nundue reliance on such forward-looking statements. Readers are urged to\ncarefully review and consider the various disclosures made in this press\nrelease and in other documents we file from time to time with the SEC that\ndisclose risks and uncertainties that may affect our business. The\nforward-looking statements do not reflect the potential impact of any\ndivestiture, merger, acquisition, or other business combination that had not\nbeen completed as of the date of this filing. Because forward-looking\nstatements are inherently subject to risks and uncertainties, some of which\ncannot be predicted or quantified and some of which are beyond our control,\nyou should not rely on them as predictions of future events. We do not\nundertake any obligation to publicly update any forward-looking statements,\nwhether as a result of new information, future events, or otherwise.\n\n Company Contact Joseph Nalepa, Chief Financial Officer +1 (410) 762-0800 | jnalepa@rekor.ai  Media and Investor Relations Charles Degliomini ir@rekor.ai","article_body_html":"","raw_payload":{"data":{"id":"nGNE7RFcsd","title":"Rekor Eliminates Approximately $10 Million in Liabilities and Generates More Than $2 Million in Annual Savings","author":"Globe Newswire","ticker":"REKR","created":"2026-09-03T11:30:00.225Z","tickers":["REKR"],"exchange":"NASDAQ","article_body":"Termination of two leases in the United States and Israel further reduces\nfixed costs and strengthens operating flexibility\n\nCOLUMBIA, Md., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:\nREKR) (\"Rekor\" or the \"Company\"), which builds trusted data, privacy, and\nsecurity solutions for real-world video and sensor networks, today announced\nit has terminated its two remaining long-term real estate leases, one in the\nUnited States and one in Israel.\n\nThe terminations eliminate Rekor's ongoing rent obligations under the two\nagreements and are expected to deliver more than $2 million in annualized\nsavings. The Company will use approximately $2.8 million in cash to reduce $10\nmillion in outstanding lease obligations, and the related deposit, fixed\nassets, and right-of-use assets will be removed from the Company’s balance\nsheet in connection with the transaction.\n\nThis action advances Rekor's focus on improving operating leverage, lowering\nfixed costs, and directing resources toward growth priorities.\n\n“Terminating these leases is another important step in executing our plan to\noptimize the business and structurally reduce our cost base,” said Joseph\nNalepa, Chief Financial Officer at Rekor. “This action builds on the\ncost-reduction measures we have implemented across the organization and\nfurther aligns our operating footprint with the needs of the business. While\nthe termination requires a one-time cash payment, it eliminates significant\nongoing lease obligations and delivers approximately $2 million in annualized\noverhead savings, reinforcing a leaner operating model and supporting our path\ntoward sustainable profitability.”\n\nAbout Rekor Systems, Inc.\n\nRekor Systems, Inc. (NASDAQ: REKR) builds trusted data, privacy, and security\nsolutions for real-world video and sensor networks. Rekor's AI-powered roadway\nintelligence platforms are deployed across the United States, delivering\nreal-time data and actionable insights to transportation agencies, law\nenforcement, and commercial operators. For more information, visit Rekor.ai.\n\nForward-Looking Statements\n\nThis press release and its links and attachments contains forward-looking\nstatements within the meaning of the Private Securities Litigation Reform Act\nof 1995 concerning Rekor Systems, Inc. that involve substantial risks and\nuncertainties, including particularly statements regarding our future results\nof operations and financial position, business strategy, prospective products\nand services, timing and likelihood of success, plans and objectives of\nmanagement for future operations and future results of current and anticipated\nproducts and services. These statements involve uncertainties, such as known\nand unknown risks, and are dependent on other important factors that may cause\nour actual results, performance, or achievements to be materially different\nfrom the future results, performance or achievements we express or imply. For\nthis purpose, any statements that are not statements of historical fact may be\ndeemed to be forward-looking statements. In some cases, you can identify\nforward-looking statements by terms such as \"may,\" \"will,\" \"should,\" \"expect,\"\n\"plan,\" \"anticipate,\" \"could,\" \"intend,\" \"target,\" \"project,\" \"contemplates,\"\n\"believes,\" \"estimates,\" \"predicts,\" \"potential,\" or \"continue,\" or the\nnegative of these terms or other similar expressions. These forward-looking\nstatements speak only as of the date they are made and are subject to a number\nof risks, uncertainties and assumptions described under the sections in our\nAnnual Report on Form 10-K for the year ended December 31, 2025 entitled \"Risk\nFactors\" and in our subsequent Quarterly Reports on Form 10-Q filed with the\nSEC. Given these risks and uncertainties, readers are cautioned not to place\nundue reliance on such forward-looking statements. Readers are urged to\ncarefully review and consider the various disclosures made in this press\nrelease and in other documents we file from time to time with the SEC that\ndisclose risks and uncertainties that may affect our business. The\nforward-looking statements do not reflect the potential impact of any\ndivestiture, merger, acquisition, or other business combination that had not\nbeen completed as of the date of this filing. Because forward-looking\nstatements are inherently subject to risks and uncertainties, some of which\ncannot be predicted or quantified and some of which are beyond our control,\nyou should not rely on them as predictions of future events. We do not\nundertake any obligation to publicly update any forward-looking statements,\nwhether as a result of new information, future events, or otherwise.\n\n Company Contact Joseph Nalepa, Chief Financial Officer +1 (410) 762-0800 | jnalepa@rekor.ai  Media and Investor Relations Charles Degliomini ir@rekor.ai"},"type":"article","timestamp":"2026-09-03T11:30:00.318296368Z","server_sent_at_ms":1788435000318},"received_at":"2026-09-03T11:30:00.407Z","source_url":null},"analysis":{"id":"123850","press_release_id":"134962","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Termination requires a one-time cash payment of approximately $2.8 million, reducing cash on hand","Ongoing cost-cutting measures underscore continued pressure to reach sustainable profitability"],"eventType":"restructuring","narrative":"Rekor Systems has terminated its two remaining long-term real estate leases, one in the United States and one in Israel, eliminating roughly $10 million in outstanding lease obligations.\n\nThe company will use approximately $2.8 million in cash to exit the leases and expects the move to deliver more than $2 million in annualized savings, with related deposits, fixed assets, and right-of-use assets removed from the balance sheet.\n\nCFO Joseph Nalepa framed the terminations as another step in a broader cost-reduction push to structurally lower the cost base and support the path toward sustainable profitability.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Rekor clears roughly $10M in lease liabilities for a $2.8M one-time payment, locking in $2M+ of annualized savings on its path to profitability."},"keyFigures":{"customDimensions":{"cash_used":2800000,"leases_terminated":2,"annualized_savings":2000000,"liabilities_eliminated":10000000}},"quotedText":"optimize the business and structurally reduce our cost base","namedEntities":{"people":[{"name":"Joseph Nalepa","role":"Chief Financial Officer"},{"name":"Charles Degliomini","role":"Media and Investor Relations"}],"products":[],"companies":[{"name":"Rekor Systems, Inc.","ticker":"REKR","relationship":"filer"}],"dollarAmounts":[{"amount":"$10 million","context":"outstanding lease obligations eliminated"},{"amount":"$2.8 million","context":"one-time cash payment used to reduce lease obligations"},{"amount":"$2 million","context":"annualized overhead savings (article states more than $2 million)"}]},"materialImpact":{"score":3,"reasoning":"Eliminating roughly $10 million in lease liabilities for a one-time ~$2.8 million cash payment, with $2 million+ in annualized savings, is a meaningful balance-sheet and cost-structure improvement for a small cap. It is still a routine restructuring action rather than a market-moving catalyst."},"tickerRelevance":{"others":[],"primary":"REKR"},"globalImportance":22,"audienceRelevance":22,"eventTypeSecondary":[],"importanceComponents":{"eventScale":"$10M liabilities removed, $2M+ annualized savings, $2.8M one-time cash outlay","tickerTier":"small-cap","eventGravity":"cost restructuring with quantified liability elimination","sectorWeight":"AI/transportation software","marketCapAdjustment":"savings are meaningful relative to a small-cap revenue base but not market-moving"}},"event_type":"restructuring","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Rekor Systems has terminated its two remaining long-term real estate leases, one in the United States and one in Israel, eliminating roughly $10 million in outstanding lease obligations.\n\nThe company will use approximately $2.8 million in cash to exit the leases and expects the move to deliver more than $2 million in annualized savings, with related deposits, fixed assets, and right-of-use assets removed from the balance sheet.\n\nCFO Joseph Nalepa framed the terminations as another step in a broader cost-reduction push to structurally lower the cost base and support the path toward sustainable profitability.","key_figures":{"customDimensions":{"cash_used":2800000,"leases_terminated":2,"annualized_savings":2000000,"liabilities_eliminated":10000000}},"named_entities":{"people":[{"name":"Joseph Nalepa","role":"Chief Financial Officer"},{"name":"Charles Degliomini","role":"Media and Investor Relations"}],"products":[],"companies":[{"name":"Rekor Systems, Inc.","ticker":"REKR","relationship":"filer"}],"dollarAmounts":[{"amount":"$10 million","context":"outstanding lease obligations eliminated"},{"amount":"$2.8 million","context":"one-time cash payment used to reduce lease obligations"},{"amount":"$2 million","context":"annualized overhead savings (article states more than $2 million)"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-03T11:35:49.061Z","global_importance":22,"audience_relevance":22,"importance_components":{"eventScale":"$10M liabilities removed, $2M+ annualized savings, $2.8M one-time cash outlay","tickerTier":"small-cap","eventGravity":"cost restructuring with quantified liability elimination","sectorWeight":"AI/transportation software","marketCapAdjustment":"savings are meaningful relative to a small-cap revenue base but not market-moving"}},"durationMs":102197,"modelName":"glm-4.7"}}